Other30 March, 20261 min read
India Launches OALP-XI, Offers 21 Oil and Gas Blocks Covering 80,235 Sq Km
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21 blocks offered: 12 onshore, 4 shallow-water, 1 deepwater, 4 ultra-deepwater. Total area spans roughly 80,235 sq km, with reports also listing 80,228 sq km.
OALP-XI Launched
India launched OALP-XI, offering 21 oil and gas blocks. The total area covers approximately 80,235 square kilometers. The offering includes 12 onland blocks, four shallow water, one deepsea, and four ultra-deep sea blocks.
Expanding India's Energy Frontiers
Puri described the launch as a decisive step aligned with PM Modi's vision. The move unlocks vast frontiers beneath land and seas. Combined with OALP-X, total area now stands at around 262,817 square kilometres.
Bidding Criteria and Categories
Category-I basins will be evaluated based on revenue share and work programme. Category-II and III will be awarded based on work programme extent. This ensures both financial returns and development efforts are considered.
OALP-X Still Open
OALP-X remains the largest offering with 25 blocks. Its deadline has been extended multiple times. OALP-XI is being rolled out even as OALP-X is still open.